Sri Lanka CBSL monetary board kept the current CBSL interest rate corridor at 4.50% % 5.5% while keeping the SRR ratio at 2.0%. Board expects inflation to maintain 4% to 6% and need for banks to scale up lending to productive sectors as the growth of credit towards productive sectors of the economy appears to remain inadequate, especially for small and medium scale enterprises (MSME) sector.
Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)